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call it the washington inquisitions. we are getting ripped apart. tomorrow the governor that disagrees and pat buchanan david: money with melissa francis is next. >> i'm melissa francis and here's what's "money" tonight. republicans laid their cards on the table unveiling their fiscal cliff counteroffer to president obama. does it actually have a chance though? will the president and congressional democrats just blow it right out of the sky? we'll break it all down. >>> plus the mississippi river in crisis. water levels dropped to historic lows threatening to bring commercial traffic to a halt and spike food prices. have you even heard about this? the head of one mississippi barge operator joins us whether a disaster can still be avoided. >>> would you sublet your name for an entire year? a bidding war breaks t for e right to one man's name. he is here to explain his bold idea and how he is cashing in. even when they say it's not it is always about money melissa: first let egg look at the day's market headlines. concern over the fiscal cliff bleedin
call it the washington inquisitions. we are getting ripped apart. tomorrow the governor that disagrees and pat buchanan david: money with melissa francis is next. >> i'm melissa francis and here's what's "money" tonight. republicans laid their cards on the table unveiling their fiscal cliff counteroffer to president obama. does it actually have a chance though? will the president and congressional democrats just blow it right out of the sky? we'll break it all down. >>>...
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you're talking about giving more money to the least competent people in america, the politicians in washington. you're talking about giving them the extra money so they could have bigger government. the fact that they're taking that money frommus in a less bad way i suppose that is good news but we're still taking one step after another in the wrong direction. at the end of that journey the destination is greece or spain or italy. melissa: right. >> we have to figure out how to get control of intitlements. the while house refuses to have adult conversation about that. melissa: neither of these proposals, neither side gets us closer to closing the enormous gap you're talking about. i say over and over again and if this was your household and bills were so far out of line with what the revenue was you could get very serious very quickly. these people do not seem to do that. for republicans is it looking more and more palatable to go over the cliff at this point? >> depends on how dogmatic obama is. like selling a car on craig's list and put it up for 5,000 and really take 4500. someone offers yo
you're talking about giving more money to the least competent people in america, the politicians in washington. you're talking about giving them the extra money so they could have bigger government. the fact that they're taking that money frommus in a less bad way i suppose that is good news but we're still taking one step after another in the wrong direction. at the end of that journey the destination is greece or spain or italy. melissa: right. >> we have to figure out how to get...
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are you seeing that infighting in washington right now? >> well, infighting is probably a harsh word. if that is a definition we infight all the time around here. hopefully it is a healthy dialogue where everyone gets a chance to express themselves. .9 of representation in america for people to give their point of view. they feel they have been heard, even if they don't get their entire way. most people, are willing to comprise a little bit. that is what we have to have here, unfortunate tax increases to balance lance our budget and unfortunately entitlement reforms particularly on health care side so we don't have the debt as far as eye can see. hopefully the speaker and president will get there. the solution is pretty straightforward. sandra: it isn't straightforward because we have so much disagreement. maybe it is harsh to call it as infighting maybe tension. more than 100 conservative leaders including former presidential candidate rick santorum, saying gop congressman will be targeted if they make concession on tax hikes. that sound
are you seeing that infighting in washington right now? >> well, infighting is probably a harsh word. if that is a definition we infight all the time around here. hopefully it is a healthy dialogue where everyone gets a chance to express themselves. .9 of representation in america for people to give their point of view. they feel they have been heard, even if they don't get their entire way. most people, are willing to comprise a little bit. that is what we have to have here, unfortunate...
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Dec 11, 2012
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weed is officially legal in washington state in colorado. firing up the fatties is creating a cloud o of financial and gal woes. who will come out ahead when all that smoke clears? stay tuned for our pot power panel. more "money" coming up. ♪ . ♪ . melissa: now turning to venezuela and posbly the end of anra. this weekend prrsident hugo chavez said his cancer h retued and for the first time he puicly talked about the end of his rule asking supporters to back his vice president. that is nicholas maduro. venezuela's oil minister announced at the last opec meeting the country has the largest oil reserves in the world. would the death of chavez have a major impact on the global oil market? with me, john kingston, platt's global director. welcome back to the show. this is huge. we've been follong this for a long time but i mean 's very serious. emergency surgery. it is his thir surgery. he never talked about what kind of cancer he has but at this point it has got to be very serious? >> i think we can assume the chavez area is almost over. as
weed is officially legal in washington state in colorado. firing up the fatties is creating a cloud o of financial and gal woes. who will come out ahead when all that smoke clears? stay tuned for our pot power panel. more "money" coming up. ♪ . ♪ . melissa: now turning to venezuela and posbly the end of anra. this weekend prrsident hugo chavez said his cancer h retued and for the first time he puicly talked about the end of his rule asking supporters to back his vice president....
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lou: a big surprise today in washington. senator jim demint of south carolina announcing he will resign his senate seat? january to take over the leadership of the think tank, the conservative think tank, the heritage foundation. earlier, the snator criticized boehner's proposal saying, quote, would destroy american jobs and not reduce the debt a penny. joining me to talk about the senator's resignation, his outlook on the cliff, and a host of other issues, delighted to be joined by south carolina lawmaker congressman trey, and congressman, great to have you with us. let me begin with the fiscal cliff. as i discussed with steven and our editor, chris, i have not heard a single republican say of the president's ultimatum, you know, that's the cause of the cliff, not the facthat we department yield to that ultimatum. why in the world aren't republicans talking about the president's ultimatum is -- as thee causal agent of any plunge over the fiscal cliff? >> wel lu, this are a few. jim jordan, demint, we don't have a megaphone
lou: a big surprise today in washington. senator jim demint of south carolina announcing he will resign his senate seat? january to take over the leadership of the think tank, the conservative think tank, the heritage foundation. earlier, the snator criticized boehner's proposal saying, quote, would destroy american jobs and not reduce the debt a penny. joining me to talk about the senator's resignation, his outlook on the cliff, and a host of other issues, delighted to be joined by south...
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>> i don't know if we're going to see that sense of brotherhood or sisterho any time soon in washington. i'm still convinced they are not going to come to an agreement on the fiscal cliff unless compeld to do so by an adverse external event like a sharply lower equity market. lou: and is, you know, i can't imagine a market ever going down as john is suggesting here simply because a government chooses not to funcon. >> well, if it means we're headed into recession, the markets will react. in a typical bear market, stocks sell off by 20%. it's great to have a compromise before the year end, but time is running out. it's not possible. lou: how is it that a treasury secretary responsible for the integrity of the markets, the currency, responsible, indeed, for the financial system of this country, largely, broadly, and internationally, would sink to the level of aolitical operative making statements about we're going over the fiscal cliff and we're ready to go. >> the president put him in charge of the negotiations from his point of view. lou: clever. >> he's wearing two hats at this point i
>> i don't know if we're going to see that sense of brotherhood or sisterho any time soon in washington. i'm still convinced they are not going to come to an agreement on the fiscal cliff unless compeld to do so by an adverse external event like a sharply lower equity market. lou: and is, you know, i can't imagine a market ever going down as john is suggesting here simply because a government chooses not to funcon. >> well, if it means we're headed into recession, the markets will...
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we will go back to washington for the speaker of the house. he is a few minutes late, which is interesting. a lot of pressure here in terms of where is the leverage. his question, where is the spending. we will say about his language and how he does it. we are also going to talk about serious. a very big story today. blue shield of california is getting ready to fix some policyholders with a rate increase. lots more still to come on fox business. ♪ connell: breaking news out of washington. here is the speaker of the house, john boehner. >> to avert the fiscal cliff with a bipartisan agreement. that is truly solid and begins to solve our spending problem. the president still has not made an offer that meets those two standards. republicans have. the president promising american people a balanced approach, his proposals have been anything but. instead of beginning to solve our debt problem, he wants new stimulus spending and the ability to raise the debt limit whenever he wants without any cuts or reforms. that is clear that the president is n
we will go back to washington for the speaker of the house. he is a few minutes late, which is interesting. a lot of pressure here in terms of where is the leverage. his question, where is the spending. we will say about his language and how he does it. we are also going to talk about serious. a very big story today. blue shield of california is getting ready to fix some policyholders with a rate increase. lots more still to come on fox business. ♪ connell: breaking news out of washington....
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the washington institute for near east policy. gentlemen, thank you for being here. beginning with you, just received word that the president smoke with morsi today talking about the number of deaths and concern about the result of the demonstrations. this is now a region that seems to be of behaving in ways in which this administration could not have anticipated or did not a year ago, six months ago. your thoughts on what's happening now? >> well, ii's happening right now is a balance of force, of demonstrations between the morsi regime, which is still trying to assert itself, the gun to influence the army, but did not complete the job, so the army is not completely under the hands of morsi, but, on the other hand, a dynamic opposition uniting against morsi and has been early on the responsible for the uprising in egypt against mubarak, replaced with the brotherhood, and bottom line, lou, is now the obama administration realizes that a partnership with the muslim brotherhood and morsi will not do. there has to be a triangle agree
the washington institute for near east policy. gentlemen, thank you for being here. beginning with you, just received word that the president smoke with morsi today talking about the number of deaths and concern about the result of the demonstrations. this is now a region that seems to be of behaving in ways in which this administration could not have anticipated or did not a year ago, six months ago. your thoughts on what's happening now? >> well, ii's happening right now is a balance of...
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Dec 27, 2012
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the conversation we're having in washington is so disingenuous. talking about 100 trillion in unfunded liabilities and we're arguing 800 billion in tax increases on 2% of the population we're still not asking tough questions of the middle last. i don't think it matters whether president's plan or republicans plan i don't think it is imagine. adam: i'm shocked you would imply anybody in washington would ever be disingenuous. lindsey and james, thank you very much. we'll talk about the fiscal cliff ad knaus see yum. that's what we do when you're talking about the economy. appreciate you both being here. it is the fiscal cliff gridlock which is helping to suck the holiday cheer out of many shoppers. a new report says u.s. holiday sales climbed just .7 of a percent over last year. that is their slowest rate of growth since 2008 when the recession was in full force but are people just temporarily stuffing their money in the mattress due to the fisl cliff? or is this the start of a long-term spending halt by consumers? joining us to discuss all of this
the conversation we're having in washington is so disingenuous. talking about 100 trillion in unfunded liabilities and we're arguing 800 billion in tax increases on 2% of the population we're still not asking tough questions of the middle last. i don't think it matters whether president's plan or republicans plan i don't think it is imagine. adam: i'm shocked you would imply anybody in washington would ever be disingenuous. lindsey and james, thank you very much. we'll talk about the fiscal...
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ate point washington works for us and not them. why can't they sacrifice and spend less of wour money so we don't have to pay more. a union blitz against private companies is a victoryry by big labor about to drive up the fax spill. wait until you hear this coming up next. now one plan to take union pensions off of the backs of taxpayers has failed in california. government unions declaring a major victory and killing off a reform victory that replaced with 401 k style investment plans. it is a defeat for taxpayers how so? >> the pension under fundeds are massive. we'll see hikes in taxs and sales tax increases and more worse is bankruptcies. we see that in stockton and san bernardino. we go to court and bankruptcy law versus pension law. you can see current services cut. tax hikes and other lousy outcomes if we don't see reforms. >> you admit we are having problems paying out the pensions. they are bankrupting. >> the pblem is that los angeles is not the place. and it is a ballot initiative. you have front runners that become mayo
ate point washington works for us and not them. why can't they sacrifice and spend less of wour money so we don't have to pay more. a union blitz against private companies is a victoryry by big labor about to drive up the fax spill. wait until you hear this coming up next. now one plan to take union pensions off of the backs of taxpayers has failed in california. government unions declaring a major victory and killing off a reform victory that replaced with 401 k style investment plans. it is a...
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washington, what will it be able to resolve? concerns over inflation and other important economic reports. a big decline in gasoline prices la month. year-over-year inflation running a 20%. investors backing away from stocks. the s&p is down six points from the nasdaq lost 21. on the big board, just under 3 billion shares for the week. the dow jones down 23 points. the s&p up 4.5. nasdaq is down seven times -- seven points. the iphone is having less than enthusiastic reception. additionally, news that a federal jury found apple infringed upon free patterns, owned by mobile media ideas, a joint venture of gnocchi at and sunny. no word on how much apple would have to pay. crude oil and news of an increase of industrial production in china and the united states. a barrel of oil now just under $87. eighteen days from the fiscal cliff. the president looking back, addressing claims that he wants to create a socialist system in this country. the president saying if he had been president 25 years ago, there would be a shockingly differe
washington, what will it be able to resolve? concerns over inflation and other important economic reports. a big decline in gasoline prices la month. year-over-year inflation running a 20%. investors backing away from stocks. the s&p is down six points from the nasdaq lost 21. on the big board, just under 3 billion shares for the week. the dow jones down 23 points. the s&p up 4.5. nasdaq is down seven times -- seven points. the iphone is having less than enthusiastic reception....
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Dec 10, 2012
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weed is officially legal in washington state in colorado. firing up the fatties is creating a cloud of financial and legal woes. who will come out ahead when all that smoke clears? stay tuned for our pot power panel. more "money" coming up. ♪ . can i help you? i heard you ys can ship ground for less than the s store. that's right. i've learned the only way tget a holiday deal is to mp out. you knowwe've been open all night. is this a trick to get my spot? male announcer ] break from the holidastress. save on ground shipping at fedex office. male announcer ] break from the holidastress. it's part of what you slove about her.essing. but your erectile dysfunction - you kn, that could be a question of blood ow. cialis tadalafil for daily use but your erectile dysfunction - helps you be ready anytime the moment's right. you can be more nfent in your ability to be ready. and the same cialis is the only daily ed tablet approved to tat ed d symptoms of h, li needing to go frequently or urgently. tell your door about all your medical conditions and
weed is officially legal in washington state in colorado. firing up the fatties is creating a cloud of financial and legal woes. who will come out ahead when all that smoke clears? stay tuned for our pot power panel. more "money" coming up. ♪ . can i help you? i heard you ys can ship ground for less than the s store. that's right. i've learned the only way tget a holiday deal is to mp out. you knowwe've been open all night. is this a trick to get my spot? male announcer ] break from...
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at some point washington works for us and not them. why can't they sacrifice and spend less of wour money so w don't have to pay more. a union blitz against private companies is a victory by big labor about to drive up the fax spill. wait uil you hear this coming up next. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a otective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. now one plan to take union pensions off of the backs of taxpayers has failed in california. government unions declaring a major victory and killing off a reform victory that replaced with 401 k style investment plans. it
at some point washington works for us and not them. why can't they sacrifice and spend less of wour money so w don't have to pay more. a union blitz against private companies is a victory by big labor about to drive up the fax spill. wait uil you hear this coming up next. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a otective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try...
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dennis: rich edson is in washington, d.c. rich: part of it is an spending cuts over the next decade. even with those cuts in place. they forecast federal spending to increase each year over the next decade. as for plans to contain spending, the white house has various cuts and fee increases on the table. house republicans are offering 4.1 million lower cuts and increases. even if these cuts failed to control the greatest deficit challenge, the spending on federal health care programs like medicare. >> the path has been clear for a decade now. every director comes to the same conclusion. you cannot roll your way out of it. you must change these programs. >> president obama is pushing billions in new spending to spur the economy. back to you. cheryl: rich, thank you very much. dennis: merry christmas and happy hanukkah. six major banks announcing they will halt -- wells fargo, bank of america, citigroup, they say they will suspend foreclosure activity until the new year healthy defaulting borrowers remain in their home for the
dennis: rich edson is in washington, d.c. rich: part of it is an spending cuts over the next decade. even with those cuts in place. they forecast federal spending to increase each year over the next decade. as for plans to contain spending, the white house has various cuts and fee increases on the table. house republicans are offering 4.1 million lower cuts and increases. even if these cuts failed to control the greatest deficit challenge, the spending on federal health care programs like...
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>> well, in washington, lately there is not very much that shows that it is likely. but it is a short-term deal that will be something. instancing what we will be seeing that will work. the spending solutions with the help of following up a longer-term reform. the problem is the follow-up normally isn't there. that is really wt we need, otherwise will we be facing this crisis year after yar. [inaudible] neil: we will watch washington for coming up next ♪ music kids will spend 15 minutes watching online videos like this one. brushing for two minutes now, can save your child from severe tooth pain later. two minutes twice a day. they have the time. >> a lot of the hostage holding mentality, the sad thing is that the governors measure, even in the title of summary said that it could be used for other spending commitments. so really, what you're doing you are doing is giving the legislature another blank check on spending is at an all-time high. who is the atm for that? mom-and-pop, and main street. the people that work for them. neil: i always think that, you know, de
>> well, in washington, lately there is not very much that shows that it is likely. but it is a short-term deal that will be something. instancing what we will be seeing that will work. the spending solutions with the help of following up a longer-term reform. the problem is the follow-up normally isn't there. that is really wt we need, otherwise will we be facing this crisis year after yar. [inaudible] neil: we will watch washington for coming up next ♪ music kids will spend 15 minutes...
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[inaudible] neil: we will watch washington for coming up next hey, travis... get some friends, loser! so, are you all right, man? yeah. let me help you out. thanks. ♪ lean on me, ♪ when you're not strong, and i'll be your friend. ♪ see you around. yeah. ♪ i'll help you carry on... ♪ ♪ [ engine revs ] ♪ [ male announcer ] oh at fun it is to ride. get the mercedes-benz on your wish list at the winter event going on now through december 31st. [ santa ] ho, ho, ho! [ male announcer ] lease a 2013 e350 for $579 a month at your local mercedes-benz dealer. >> a lot of thhostage holding mentality, the sad thing is that the governors measure, even in the title of summary said that it could be used for other spending commitments. so really, what you're doing you are doing is giving the legiature another blank check on spending is at an all-time high. who is the atm for that? mom-and-pop, and main street. the pele that work for them. neil: i always think that, you know democrats -- both parties have to work together to fix this. so we don't ever see that ha
[inaudible] neil: we will watch washington for coming up next hey, travis... get some friends, loser! so, are you all right, man? yeah. let me help you out. thanks. ♪ lean on me, ♪ when you're not strong, and i'll be your friend. ♪ see you around. yeah. ♪ i'll help you carry on... ♪ ♪ [ engine revs ] ♪ [ male announcer ] oh at fun it is to ride. get the mercedes-benz on your wish list at the winter event going on now through december 31st. [ santa ] ho, ho, ho! [ male announcer ]...
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we'll be examining tonight what's happening inichigan and in washington, d.c. with the author of "shadow bosses: how government. employee unions control america and rob taxpayer blind." llory factor joins us. also tonight, egypt's president, muhammad morsi, ordering the egan military to arrest people in the street even as he claimed to have rescinded the ctatorial powers he assumed which have spurre violent demonstrations. and a new intelligence report concludes that america's time as the lone perpower is nearing an end. former director of national intelligence jo negro panty joins us to talk about our future as a superpower and the challenges that we'll surely face we begin tonight with one of the few scheduling misadventures of president obama'swire tenure in -- entire tenure in office. e president speaking to autoworkers outside detroit today, aday before governor snyder will sign michigan' newly-passed right-to-work law into effect. the presidenttanding firmly with the unio that worked hard to get him reelected. >> wha we shouldn't do, i st gotta say this,
we'll be examining tonight what's happening inichigan and in washington, d.c. with the author of "shadow bosses: how government. employee unions control america and rob taxpayer blind." llory factor joins us. also tonight, egypt's president, muhammad morsi, ordering the egan military to arrest people in the street even as he claimed to have rescinded the ctatorial powers he assumed which have spurre violent demonstrations. and a new intelligence report concludes that america's time as...
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they're just playing games right in washington. folks in office and this president is guilty of class warfare. for what? for that? are you kidding me? president obama seems to love the drama. i thought he didn't like drama. but the reality is there will be is little impact on our fiscal future. and as a nation, after all of the drama and whatever the outcome, we remain in great jeopardy. because this isn't a fiscal future any of us, any of us wants. >>> morsi declares martial law in gypt and claims he's not a dictator. the obama middle east policy coming undone. the a-team reacts. >>> obama what? another state tells the federal government it'ssnot interested in that obamacare exchange, and some democrats appear to be rethinking obamacare altogether. we'll tell you all about it. >>> and america's superpower status, a shocking new report by our intelligence community warning that our power may be in decline. we'll be talking about our future as a superpower with the former director of national intelligence, john negroponte, next. ♪
they're just playing games right in washington. folks in office and this president is guilty of class warfare. for what? for that? are you kidding me? president obama seems to love the drama. i thought he didn't like drama. but the reality is there will be is little impact on our fiscal future. and as a nation, after all of the drama and whatever the outcome, we remain in great jeopardy. because this isn't a fiscal future any of us, any of us wants. >>> morsi declares martial law in...
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>> well, in washington, lately there is not very much that shows that it is likely. but it is short-term deal that will be something. instancing what we will be seeing that will work. the spending solutions with the help of following up a longer-term reform. the problem is the follow-up normally isn't there. that is really what we need, otherwise will we be facing this crisis year after year. [inaudible] neil: we will watch washington for coming up next copd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike moscopd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart cond
>> well, in washington, lately there is not very much that shows that it is likely. but it is short-term deal that will be something. instancing what we will be seeing that will work. the spending solutions with the help of following up a longer-term reform. the problem is the follow-up normally isn't there. that is really what we need, otherwise will we be facing this crisis year after year. [inaudible] neil: we will watch washington for coming up next copd makes it hard to breathe, but...
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lou: to surprise of many in washington boehner appears to have support of more voters than anyone thought previously, a new fox poll shows 3 a 3 to 1 margin, voters believe by enacting mostly spending cuts is the best way to deal with the problem. president obama continue its push his ultimatum on higher taxes for wealthy, and republican leaders responding by warning their members to be prepared for christmas in washington because of the stalemate. and joining us now, congressman devon nunez, a member of house aways and means committee. speaker saying they are separated by serious gaps here, what are your thoughts? >> i came on this show two weeks ago, i told you then that president wanted to go cliff diving, that is what he wants to do. he is not serious about getting a deal, if he was so serious, he would not have met with john boehner sunday morning then go out 24 hours later on a campaign stop to michigan railing about some middle class tax hike jarg onljargon he is using. he wants to go off the cliff,. lou: looking at that number. newest fox poll released a couple hours ago, that pol
lou: to surprise of many in washington boehner appears to have support of more voters than anyone thought previously, a new fox poll shows 3 a 3 to 1 margin, voters believe by enacting mostly spending cuts is the best way to deal with the problem. president obama continue its push his ultimatum on higher taxes for wealthy, and republican leaders responding by warning their members to be prepared for christmas in washington because of the stalemate. and joining us now, congressman devon nunez, a...
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Dec 12, 2012
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some considerable concern being expressed now in washington d.c. you're about -- your thoughts? >> i cannot possibly see what good can come of sending f-16s and tanks to egypt. i don't think -- i don't understand it. it should be held back. what used to they have, especially in a time when the troops of been ordered to arrest civilians? it just doesn't make any sense to me. lou: the former national director of intelligence, and director of national intelligence saying here last night that he thinks it's important because its engagement , and engagement is positive in and of itself. your thoughts? >> engagement with people who seek, i again, destruction is not positive. especially when it's not just engagement callaloo. this is legitimization. this is in richmond. we are now being told this is going to be charming. certainly empower and probably involving these guys, and no good can come on that. it's folly, and i think we're seeing in libya and egypt and tunisia and yemen, probably syria. lou: 15 seconds. very quickly. we just received word that the president is recognizing that
some considerable concern being expressed now in washington d.c. you're about -- your thoughts? >> i cannot possibly see what good can come of sending f-16s and tanks to egypt. i don't think -- i don't understand it. it should be held back. what used to they have, especially in a time when the troops of been ordered to arrest civilians? it just doesn't make any sense to me. lou: the former national director of intelligence, and director of national intelligence saying here last night that...
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>> well, in washington, lately there is not very much that shows that it is likely. but it is a short-term deal that will be something. stancing what we will be seeing that will work. the spending solutions with the help of following up a long-terreform. the problem is the follow-up normally isn't there. that is really what we need, otherwise will we be facing this crisis year after year. [inaudible] neil: we will watch washington for coming up next ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no maer which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when
>> well, in washington, lately there is not very much that shows that it is likely. but it is a short-term deal that will be something. stancing what we will be seeing that will work. the spending solutions with the help of following up a long-terreform. the problem is the follow-up normally isn't there. that is really what we need, otherwise will we be facing this crisis year after year. [inaudible] neil: we will watch washington for coming up next ♪ [ engine revs ] ♪ ♪ [ male...
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Dec 18, 2012
12/12
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if -- it face every time they get ba news out of washington. they can be very powerful. we have a recession that was starting in the financial markets demand that to not have big spending cuts and tax increases. we are laboring in an additional piece of bad news for the economy. my concn is that once the dominant sta to fall, they are not easy to put back together and, quite frankly, if they cannot get deal on the go over the fiscal cliff, why is it that people believe they can come back in a week, get a deal, and fix it? i don't understand that. gerri: a lot of people frustrated. on january 4th we're going to starreaping the reward of this as people get their first paychecks in that new year. a 25-$130 decline in a paycheck. it does not sound like much, but in this economy every single penny counts. >> i think you get that right on the nose when you said that, you know, it would go down, which is true. growing in probably 1%, anwe would take off the table the one glimmer of hope, the husing market recovery. we have gone to the point where it looks likethat would be at 2
if -- it face every time they get ba news out of washington. they can be very powerful. we have a recession that was starting in the financial markets demand that to not have big spending cuts and tax increases. we are laboring in an additional piece of bad news for the economy. my concn is that once the dominant sta to fall, they are not easy to put back together and, quite frankly, if they cannot get deal on the go over the fiscal cliff, why is it that people believe they can come back in a...
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when was last time in washington 10-year spending projections actually came in at or low what the projections wewere met to be it never happens. sames true o the revenue side wit taxes. i think the numbers we're lang out here are probly the quote, uuote best-case scenario terms of what could actually hapn. just in terms of the pure math. not in terms whether or not it is good poli, just in terms of pure math. one reason going over t cliff looks more attractive in terms of bottom line numbers because there is that huge tax number now, there are all sorts of reasons beyond that --. melissa: w i that, to ise that much revenu a gi it to the government? i don't understand why that is apaling? >> it is not aealing to me. melissa: okay. >> it would ap peelin from a math perspective because the number is bigger. but th proem is the number won't that big no matter what happens. you can talk about dynamic scorin look atifferent ways revenue won't be revenue it is projected t be. you're talking about something that would do tremendous dage to the domestic economy. evybody agrees with this. president ama
when was last time in washington 10-year spending projections actually came in at or low what the projections wewere met to be it never happens. sames true o the revenue side wit taxes. i think the numbers we're lang out here are probly the quote, uuote best-case scenario terms of what could actually hapn. just in terms of the pure math. not in terms whether or not it is good poli, just in terms of pure math. one reason going over t cliff looks more attractive in terms of bottom line numbers...
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Dec 20, 2012
12/12
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this is disingoinous conversation in washington. we're talking about 100 trillion in unfunded liabilities and we're arguing over 800 billion in tax increases on 2% of the population. it really doesn't ask the very difficult question of the middle class, saying long term, do you want to take on a larger tax burden or do you want to make a serious cut to the social spending? right now neither of these plans really address that long-term problem. melissa: john, it does seem like everyone in washington has given up on the idea of trying to fix this problem. i mean that's, all the talk we're hearing about raising taxes. when you're spending $2 for every dollar you're bringing in, there aren't enough taxes in the world to solve that problem. you have to really reform spending. i just don't hear that in these conversations. >> the democrats have put nothing on the table. all they talk about --. melissa: or the republicans really. i mean do you hear anyone on either side really saying we will do serious reform to entitlements? it is only wa
this is disingoinous conversation in washington. we're talking about 100 trillion in unfunded liabilities and we're arguing over 800 billion in tax increases on 2% of the population. it really doesn't ask the very difficult question of the middle class, saying long term, do you want to take on a larger tax burden or do you want to make a serious cut to the social spending? right now neither of these plans really address that long-term problem. melissa: john, it does seem like everyone in...
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Dec 20, 2012
12/12
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washington would be a ghost town overnight. that is all anybody who is there now knows how to do. >> means of course all of us taxpayers get a lump of coal in our stocking. i want to add another bad bit of news to your list there. melissa: oh, no. >> don't forget state and local pension systems for the exact same reason pension benefit guaranty corporation will get bailout at some point you i'm raid we'll bail out bankrupt pensions systems of california, illinois and some other states in effect copying the greek-french model of economic governance. melissa: yeah. >> it is bad news across the board but definitely bad policy as well because when you reward bad behavior, anybody who has kids knows, what do you get in the future? more bad behavior. melissa: how should we really deal with this from a serious perspective? i'm not in favor of bailing out these agencies. the post office example, let it go bankrupt. let pa of its services go private. somebody could come in, th should be a private equity turn around where you cut costs l
washington would be a ghost town overnight. that is all anybody who is there now knows how to do. >> means of course all of us taxpayers get a lump of coal in our stocking. i want to add another bad bit of news to your list there. melissa: oh, no. >> don't forget state and local pension systems for the exact same reason pension benefit guaranty corporation will get bailout at some point you i'm raid we'll bail out bankrupt pensions systems of california, illinois and some other...
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Dec 31, 2012
12/12
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i think that people misunderstand often what goes on in washington. that there are these really serious philosophical differences about what it's going to take to get the country on the right track, and the president just has a different vision than you do. stuart: as of tomorrow morning, regardless, forget the fiscal cliff, for a second, regardless of that, as of tomorrow morning, every single person in america who works will pay more taxes. the social security tax is going up. okay? every single person who earns over a certain amount of money will pay a higher medicare tax. everybody who uses a medical device will pay a higher price for that medical -- medical device because of a new obama tax. taxes are going up period. is that the way you get growth? what is the president doing about this? all he's standing for is tax increases. that's all he's got. that is not prosperity on the horizon. it is not. >> well, that's not really all he's got though, stuart. i mean look, there are plenty of economists who think that the stimulus helped our economy, hel
i think that people misunderstand often what goes on in washington. that there are these really serious philosophical differences about what it's going to take to get the country on the right track, and the president just has a different vision than you do. stuart: as of tomorrow morning, regardless, forget the fiscal cliff, for a second, regardless of that, as of tomorrow morning, every single person in america who works will pay more taxes. the social security tax is going up. okay? every...
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legalized recreational marijuana in colorado and washington state. no worry of arrests but don't tell that to the fed's. they still say it is illegal. tommy chong after the break is a stranger to the weed. we get his take on it next. [ m] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barriereef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he n worry about other things, like what the mket is doing and being ready, no tter what happen which isn't rocket science. it's just common sense, from td ameritrade. stuart: we have our eyes on avalanche the stock this morning, it is now up after a huge drop yesterday. a lot at stake here. lot of people trying to avoid a tax bite next year. reports about apple losing market share, in the smart phone area in china and as charles said, once the stock goes down other people start selling making it fall even worse. it has been turned around and is now up $4. it
legalized recreational marijuana in colorado and washington state. no worry of arrests but don't tell that to the fed's. they still say it is illegal. tommy chong after the break is a stranger to the weed. we get his take on it next. [ m] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barriereef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so...
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Dec 18, 2012
12/12
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ashley: budget talks in washington dominating headlines. our investors overlooking the bigger global threat than the fiscal cliff? joining us doug cote, chief market strategist withing investment management. always spending too much time worrying about the fiscal cliff and what worrres you on the global scale? >> fundamental you shouldn't focus too much on politicians anyway, what we are looking at is paying attention to the fundamentals of corporate earnings, what matters to companies and what we have seen is this is the first quarter in twelve consecutive quarters that year over year earnings growth is negative. that means something is happening in the global economy, either in the emerging markets or europe or japan and what we are seeing is that is a signal for economic slowdown, that matters to the market. what we are advocating is ride out this christmas rally going into the new year and turn back equities a little bit. we are not going to over do it. we are going to good defensive because of a lot head wind going forward. ashley: we
ashley: budget talks in washington dominating headlines. our investors overlooking the bigger global threat than the fiscal cliff? joining us doug cote, chief market strategist withing investment management. always spending too much time worrying about the fiscal cliff and what worrres you on the global scale? >> fundamental you shouldn't focus too much on politicians anyway, what we are looking at is paying attention to the fundamentals of corporate earnings, what matters to companies...
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Dec 26, 2012
12/12
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are upset at washington. don't trust them. david: good to see you. well, the numbers are in and you were not shopping as much as last year, apparently. holiday retail sales were basically unchanged from last year and sandy, of course, and the connecticut shooting got some blame, but what about no jobs and no money? coming up, the opening bell, futures are up. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ from td ameritrade. i played a round of golf.id in the last five hours? then i read a book while teaching myself how to play guitar; ran ten miles while knitting myself a sweater; jumped out of a plane. finally, i became a ping pong master while recording debut album. how you ask? with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next fi
are upset at washington. don't trust them. david: good to see you. well, the numbers are in and you were not shopping as much as last year, apparently. holiday retail sales were basically unchanged from last year and sandy, of course, and the connecticut shooting got some blame, but what about no jobs and no money? coming up, the opening bell, futures are up. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ]...
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Dec 27, 2012
12/12
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washington is frozen. not just the nonexistent this coal talks but is leaving the washington d.c. the leadership in the lurch. and why could going up over the cliff the bullish? check out the winners and losers overall. ♪ >> we will get the market check with the deep sell-off with the nicole petallides at the new york stock exchange replica of the market's stuff is selling it is of classics flight to quality. >> absolutely with this a pate then gold is a good example when people don't know where to go. also the u.s. dollar. looking at the dow of 30 components are in the red. financial, a drug, oil, materials, , etc.. of lots of downed air rose below 13,000. you're waiting to hear from harry reid now we will not he is alluding to the fact we will go over the fiscal clef it is not reassuring that is why we see the vix index popping today with four .6% moved to the upside which is significant in brings us of the of the 20 level line we are seeing a market that is tepid and a nervous. >> el let's continue that discussion on the market. with the fourth straight loss we have the chief
washington is frozen. not just the nonexistent this coal talks but is leaving the washington d.c. the leadership in the lurch. and why could going up over the cliff the bullish? check out the winners and losers overall. ♪ >> we will get the market check with the deep sell-off with the nicole petallides at the new york stock exchange replica of the market's stuff is selling it is of classics flight to quality. >> absolutely with this a pate then gold is a good example when people...
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Dec 13, 2012
12/12
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there has been incredibly little progress in washington since the offers officers were first treated. with respect you could start to run up to christmas here. it could take up to three days to get something through the senate. republicans have to sell it to house republicans. democrats have to be on board there. there are a number of different little concerns that happen, it and we are not even close to a deal. tracy: in that same local interview he had with the minnesota radio station, he said that spending cuts have to be paired with tax revenue increases. do we know what he's talking about? is he talking about a dollar for dollar cannot? >> we don't know what the proportion is. we have republicans saying that the president had previously promised to do 31 or four to one in tax revenues, the smaller part being the tax revenues and spending cuts, we know the white house had reduced the demand from 1.6 trillion to 1.4 trillion. they said that it was willing to do $600 billion in spending cuts. the republican offer had been $800 billion in revenue. again, it is how you structure the t
there has been incredibly little progress in washington since the offers officers were first treated. with respect you could start to run up to christmas here. it could take up to three days to get something through the senate. republicans have to sell it to house republicans. democrats have to be on board there. there are a number of different little concerns that happen, it and we are not even close to a deal. tracy: in that same local interview he had with the minnesota radio station, he...
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Dec 26, 2012
12/12
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what would you put the odds at that busy rationality and effectiveness reemerge from washington, d.c., on the fiscal cliff? >> zero. lou: i thought that. >> if we can keep the current tax rates, we would continue to increase government revenue. increasing 26% under the bush tax rates over the last two years. over the last two years, government revenues have risen 26%, almost a quarter using the buss tax rates. low tax rates bring more revenues, not less revenues. lou: do you interpret all of the drama to be a lack of faith? in front of the growth model that has been demonstrated, as you point out, over the past two years. they are really saying the economy cannot grow fast enough to support the government. we will not see revenue increase unless we raise taxes. >> that is correct. the pre-verse thing is you don't get growth if you raise tax rates. in california and several other states that topate is approaching 50% effectively with a 50% top rate, a business have as much incentive to fire somebody to lower-cost as to hire somebody to increase revenues. lou: it is a high risk experime
what would you put the odds at that busy rationality and effectiveness reemerge from washington, d.c., on the fiscal cliff? >> zero. lou: i thought that. >> if we can keep the current tax rates, we would continue to increase government revenue. increasing 26% under the bush tax rates over the last two years. over the last two years, government revenues have risen 26%, almost a quarter using the buss tax rates. low tax rates bring more revenues, not less revenues. lou: do you...
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malanga. >> we can afford it of course because washington is in such good shape. gerri: that is ridiculous. steve thanks for bringing to us. i'm sorry, i'm reeling from that last fact. >> go to europe for that. gerri: exactly that is ridiculous. thanks so much for coming on. great to see you. >> good to see you. gerri: still to come, my two cents more. you may have heard it. "consumer reports" is making a list and checking it twice just like somebody else we know. find out who they think is naughty and who is nice. ♪ . [ male announcer ] where do you turn for legal matters? maybe you want to incorporate a business. orrotect your family with a will or living trust. and you'd like the help of an attorney. at legalzoom a legal plan attorney is available in most states with every personalized document to answer questions. get started at legalzoom.com today. and now you're protected. gerri: how naughty is your favorite company? "consumer reports" says which ones are cold this christmas on the annual naughty and nice list gerri: bank ever mechanic is throwing in the t
malanga. >> we can afford it of course because washington is in such good shape. gerri: that is ridiculous. steve thanks for bringing to us. i'm sorry, i'm reeling from that last fact. >> go to europe for that. gerri: exactly that is ridiculous. thanks so much for coming on. great to see you. >> good to see you. gerri: still to come, my two cents more. you may have heard it. "consumer reports" is making a list and checking it twice just like somebody else we know....
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she joins us from washington. kirsten, welcome to the program. i don't think you have been on before, have you? >> good morning, i don't think so. though i've always wanted to be invited. stuart: okay. i watch you all the time, and i detect a slight -- [inaudible] >> no, i'm sorry. stuart: especially on benghazi, you're moving and i think you are moving also on this fiscal cliff debate. here's the question: >> okay. stuart: why are we not discussing and why has the president not put out a serious entitlement reform plan? because i mean i think we can both agree on this, it is entitlement, specifically medicare that's really busting america's bank. so why no firm plan from the president? >> well, i think that he needs to do that. obviously all the talks we have about all the different cuts that even the republicans bring up are not going to do anything unless we address defense spending and entitlement spending. and so i think that the president should put forth a plan. however, i also think the republicans need to put forth a plan, especially bec
she joins us from washington. kirsten, welcome to the program. i don't think you have been on before, have you? >> good morning, i don't think so. though i've always wanted to be invited. stuart: okay. i watch you all the time, and i detect a slight -- [inaudible] >> no, i'm sorry. stuart: especially on benghazi, you're moving and i think you are moving also on this fiscal cliff debate. here's the question: >> okay. stuart: why are we not discussing and why has the president...